Inflation or Recession? Why Not Both.

4

To investors,

The US housing market saw the largest cool down in history during the month of June. Prices had accelerated 19.3% year-over-year in May, but the price acceleration dropped to only 17.3% in June. This 2% difference is the largest that has ever been recorded. As Diana Olick pointed out, “Even when home prices crashed dramatically during the r…

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